Before the Open (Oct 10)

Good morning. Happy Tuesday.
The Asian/Pacific markets closed mostly up. Japan, China, Hong Kong, South Korea and Thailand led the way. Europe, Africa and the Middle East are currently mixed. Turkey is up more than 1%; Greece is also doing well. Spain is down more than 1%; Italy, Austria, Saudi Arabia and the Czech Republic are also down. Futures in the States point towards a positive open for the cash market.
—————
VIDEO: My Favorite Intermediate Term Trading Setup
—————
The dollar is down. Oil and copper are up. Gold and silver are up. Bonds are up.
Stock headlines from barchart.com…
McKesson (MCK -2.08%) was upgraded to ‘Outperform’ from ‘Market Perform’ at Cowen with a price target of $189.
Transocean (RIG +1.94%) was initiated a new ‘Buy’ at Deutsche Bank with a price target of $13.
Union Pacific (UNP -0.06%) was downgraded to ‘Hold’ from ‘Buy’ at Aegis Capital.
Apache (APA +1.51%) cut its Q3 crude production estimate to 206,000 bpd to 208,000 bpd from a prior estimate of 208,000 to 214,000 bpd and cut its Q4 crude production estimate to 218,000 bpd to 224,000 bpd from a prior view of 225,000 bpd to 237,000 bpd due to the impact of Hurricane Harvey.
Caterpillar (CAT -0.04%) gained +0.2% in after-hours trading after Goldman Sachs reiterated its ‘Buy’ rating on the stock and raised its 12-month target price to $158 from $143.
American Homes (AMH +0.42%) was initiated a new ‘Buy’ at BTIG with a price target of $26.
SRC Energy ({=SRCI was initiated a new ‘Buy’ at Jeffries with a price target of $12.
Clovis Oncology (CLVS -1.05%) gained almost 1% in after-hours trading after it said it submitted a Supplemental New Drug Application with the FDA for its rucaparib drug for maintenance treatment for patients with platinum-sensitive recurrent ovarian cancer.
American International Group (AIG -0.77%) fell nearly 1% in after-hours trading after it said its sees Q3 pre-tax catastrophe losses net of reinsurance of $2.9 billion-$3.1 billion.
PDC Energy (PDCE +1.05%) was initiated a new ‘Buy’ at Jeffries with a price target of $60.
Leidos Holdings (LDOS +0.40%) rose over 3% in after-hours trading after it received a contract from the Social Security Administration to provide IT support for the Social Security Administration’s Strategic Plan.
Ichor Holdings Ltd (ICHR +1.89%) climbed 6% in after-hours trading after the company said it entered into a “substantial” agreement to produce liquid delivery systems for a key customer.
Chesapeake Energy (CHK -0.24%) lost 1% in after-hours trading after it was downgraded to ‘Underperform’ from ‘Hold’ at Jeffries with a price target of $2.
—————
Join our email list – get technical research reports sent directly to you.
—————
Today’s Economic Calendar
6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Fed’s Kashkari speech
Other…
today’s upgrades/downgrades from briefing.com
this week’s Earnings from Morningstar
this week’s Economic Numbers/Reports powered by ECONODAY